Nigeria_Fixed Income Daily: Yields mixed ahead of PMA result
​At today’s PMA, the CBN sold c.N167.5 billion across the 91DTM, 182DTM, and 364DTM bills at effective yields of 8.04%, 9.41%, and 11.42%. Ahead of the auction results, trading in the T-bills market maintained a mixed pattern as yields trended in varied directions. Whilst demand persisted across the short dated maturities (yields down 16bps on average), sentiment remained weak on the mid-long end of the bill space (yields up 6bps on average). Trading in the bond market commenced on a bearish note but turned positive towards the close of the session with yields down 3bps on average across traded instruments. The most notable yield change was recorded on the 16.00% FGN 2019 bond, down 23bps to 12.10%.
Vetiva provides clients with independent and unbiased access to analysis and opinion. We keep our clients on the cutting edge of market information and provide up to date market intelligence on quoted companies. Our services allow brokers, investment firms, and asset managers focus their energies on developing investment strategies and client relationships.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.